Diana Shipping Series B Cumulative Redeemable Perpetual Preferred Shares Goes Ex-Dividend Soon

On 1/14/25, Diana Shipping Inc's 8.875% Series B Cumulative Redeemable Perpetual Preferred Shares (Symbol: DSX.PRB) will trade ex-dividend, for its quarterly dividend of $0.5547, payable on 1/15/25. As a percentage of DSX.PRB's recent share price of $26.24, this dividend works out to approximately 2.11%, so look for shares of DSX.PRB to trade 2.11% lower — all else being equal — when DSX.PRB shares open for trading on 1/14/25. On an annualized basis, the current yield is approximately 8.45%, which compares to an average yield of 8.20% in the "Transportation" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of DSX.PRB shares, versus DSX:

Below is a dividend history chart for DSX.PRB, showing historical dividends prior to the most recent $0.5547 on Diana Shipping Inc's 8.875% Series B Cumulative Redeemable Perpetual Preferred Shares :

In Friday trading, Diana Shipping Inc's 8.875% Series B Cumulative Redeemable Perpetual Preferred Shares (Symbol: DSX.PRB) is currently off about 0.1% on the day, while the common shares (Symbol: DSX) are up about 1.6%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.